Audit 332664

Title: Noncash assistance, insurance and loans Accounting Policies: The schedule of expenditures of federal awards includes the federal award activity of Southwest Kansas Coordinated Transit Council, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the statement of financial position, statement of activities, or cash flows of the Organization. Amounts listed above may not articulate with amounts reported on the Organization’s financial statement. Expenditures on the schedule are reported on the cash basis of accounting, modified to include accounts payable. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, or other applicable regulatory guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate provisioned by the Uniform Guidance Section 414, for reporting costs charged to federal award programs. The Organization did not receive or expend any Federal awards in the form of noncash assistance, insurance, loans, or loan guarantees.

Title: Subrecipients Accounting Policies: The schedule of expenditures of federal awards includes the federal award activity of Southwest Kansas Coordinated Transit Council, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the statement of financial position, statement of activities, or cash flows of the Organization. Amounts listed above may not articulate with amounts reported on the Organization’s financial statement. Expenditures on the schedule are reported on the cash basis of accounting, modified to include accounts payable. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, or other applicable regulatory guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate provisioned by the Uniform Guidance Section 414, for reporting costs charged to federal award programs. The Organization passed through $1,391,890 of federal awards to subrecipients during the year ended June 30, 2024.